Indonesian Retail Defensive Blue Chips

McKesson

Market Cap: US$102.4b

Provides healthcare services in the United States and internationally.

Al Rajhi Banking and Investment

Market Cap: ر.س383.4b

Provides banking and investment services in the Kingdom of Saudi Arabia and internationally.

Zurich Insurance Group

Market Cap: CHF 81.0b

Provides insurance products and related services in Europe, the Middle East, Africa, North America, Latin America, and the Asia Pacific.

Altria Group

Market Cap: US$98.7b

Through its subsidiaries, manufactures and sells smokeable and oral tobacco products in the United States.

CVS Health

Market Cap: US$98.5b

Provides health solutions in the United States.

Advantest

Market Cap: JP¥15.2t

Manufactures and sells semiconductors, component test systems, and mechatronics-related products in Japan, rest of Asia, the Americas, and Europe.

State Bank of India

Market Cap: ₹8.8t

Provides banking products and services in India and internationally.

Tokyo Electron

Market Cap: JP¥15.0t

Develops, manufactures, and sells semiconductor production equipment in Japan, South Korea, Taiwan, China, North America, Europe, and internationally.

BNP Paribas

Market Cap: €82.6b

Provides various banking and financial products and services in Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

NFiniTi

Market Cap: US$95.5b

Operates as an alcoholic beverage company that specializes in producing ready-to-drink cocktails across the Western Hemisphere.

Postal Savings Bank of China

Market Cap: HK$723.9b

Provides various banking products and services for retail and corporate customers in the People’s Republic of China.

AXA

Market Cap: €77.8b

Through its subsidiaries, insurance, asset management, and banking services worldwide.

Marsh & McLennan Companies

Market Cap: US$89.8b

A professional services company, provides advisory services and insurance solutions to clients in the areas of risk, strategy, and people worldwide.

Bank of Montreal

Market Cap: CA$125.2b

Engages in the provision of diversified financial services primarily in North America.

Bank of Communications

Market Cap: HK$689.9b

Provides commercial banking products and services in China and internationally.

Mizuho Financial Group

Market Cap: JP¥13.8t

Engages in banking, trust banking, securities, and other businesses related to financial services in Japan, the Americas, Europe, Asia/Oceania, and internationally.

Bank of Nova Scotia

Market Cap: CA$122.0b

Provides various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally.

China Telecom

Market Cap: HK$676.7b

Provides mobile communications, wireline and satellite communications, internet access, cloud computing and computing power, AI, big data, quantum, ICT integration in the People’s Republic of China.

Nu Holdings

Market Cap: US$85.3b

Provides digital banking platform in Brazil, Mexico, Colombia, the Cayman Islands, and the United States.

Westpac Banking

Market Cap: AU$127.7b

Provides banking and other financial services in Australia, New Zealand, the Pacific Islands, Asia, the Americas, and Europe.

Semiconductor Manufacturing International

Market Cap: HK$649.0b

An investment holding company, engages in the manufacture, testing, and sale of integrated circuits wafer and various compound semiconductors in the United States, China, and Eurasia.

National Australia Bank

Market Cap: AU$123.5b

Provides financial services to individuals and businesses in Australia, New Zealand, Europe, Asia, the United States, and internationally.

Canadian Imperial Bank of Commerce

Market Cap: CA$112.5b

A diversified financial institution, provides various financial products and services to personal, business, public sector, and institutional clients in Canada, the United States, and internationally.

CaixaBank

Market Cap: €69.1b

Provides various banking products and financial services in Spain and internationally.

Marvell Technology

Market Cap: US$80.1b

Provides data infrastructure semiconductor solutions, spanning the data center core to network edge.

Münchener Rückversicherungs-Gesellschaft in München

Market Cap: €68.5b

Engages in the insurance and reinsurance businesses worldwide.

Barclays

Market Cap: UK£59.8b

Provides various financial services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia.

Cambricon Technologies

Market Cap: CN¥561.8b

Research, develops, design, and sells core chips in cloud server, edge computing, and terminal equipment in China.

CRH

Market Cap: US$79.5b

Provides building materials solutions in Ireland, the United States, the United Kingdom, rest of Europe, and internationally.

Barito Renewables Energy

Market Cap: Rp1287.6t

Engages in the generation and sale of power through geothermal and wind resources in Indonesia.

U.S. Bancorp

Market Cap: US$77.2b

A financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States.

ING Groep

Market Cap: €65.6b

Provides various banking products and services in the Netherlands, Belgium, Germany, rest of Europe, and internationally.

National Grid

Market Cap: UK£56.7b

Engages in the transmission and distribution of electricity and gas.

PNC Financial Services Group

Market Cap: US$75.3b

Operates as a diversified financial services company in the United States.

Lloyds Banking Group

Market Cap: UK£56.4b

Provides a range of banking and financial products and services in the United Kingdom and internationally.

Aon

Market Cap: US$74.3b

A professional services firm, provides a range of risk and human capital solutions worldwide.